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Europe’s textile sector has said digital technologies will have a key role to play in implementing the European Union (EU) Strategy for Sustainable and Circular Textiles (1), which was released March (2022), to ensure that by 2030, textile products placed on the market are long-lived and recyclable.…

India’s production of pashmina, the most exclusive of the cashmere fibres, is to receive an important government boost through acquiring a geographical indication (GI) from India’s Geographical Indications Registry for product sourced and spun in the Himalayan region of Ladakh.

The government of the union territory of Ladakh, which runs the mountainous territory in which Indian pashmina is producer applied for the GI certificate last year (2021) and hopes to receive authorisation the next few months.…

With the lifting of the Covid-19 induced lockdown in Shanghai at the start of June, the world’s largest wool exporters are hoping for less disruption to their business with China. But ongoing Covid outbreaks in the country, alongside the government’s continued zero-Covid policy, whereby cities are closed to control infections, and a backlog at its ports, are still causing concern.…

The global Islamic microfinance market has room to grow significantly if it can overcome social and regulatory barriers that have so far curbed its expansion, say experts. Given microfinance is a poverty-alleviation mechanism that provides credit and other financial resources to poor and low-income households and small-and-medium-sized businesses, it fits well with the charitable traditions of Islam.…

A lack of common international Islamic financial regulatory system is hindering the development of Islamic social finance instruments, causing a dearth of good practice solutions that could effectively fight poverty, say experts.

In the February 2021 issue of the ISRA (International Shari’ah Research Academy) International Journal of Islamic Finance, Abdulsalam Ahmed Sawmar and his co-authors say one key element of Muslim charity – zakat (obligatory charity) – historically, “has been an integral part of the Islamic economic system because of its sizable impact in achieving social harmony and preserving decent living standard for the needy segments of Muslim communities.”…

Indonesia, which holds the presidency of the G20 group of major economies this year, wants to us this position to increase the role of Islamic finance worldwide, to boost consumer access to affordable financial products and services.

Financial inclusion is one of the goals of the G20, made more important by the Covid-19 pandemic widening inequality for the most financially vulnerable and underserved groups, said Dian Triansyah Djani, Indonesia’s ‘co-sherpa’ (diplomatic coordinator) for the G20.…

As the Italian economy recovers from the particularly hard two-year coronavirus pandemic, Italy’s paints and varnishes sector is among the few to have weathered the storm well. “Our sector has probably never seen such a jump in growth like that of the past two years,” said Gianni Martinetti, president of the Paints and Varnishes Group of AVISA (1), which is part of Italy’s national chemicals industry association, Federchimica.  …

China’s textile industry has been under intense pressure during the first half of this year (2022) to deal with the country’s continuing struggle to contain Covid-19, imposing tough lockdowns, even as much of the rest of the world eases social distancing rules.…

Observers of the global Islamic finance industry are predicting significant imminent growth in sharia-compliant environmental and social governance (ESG) investment, as demand for financial institutions to deploy funds in ethical ways expands, along with awareness of climate change and social justice.…

The Muslim world is extremely diverse culturally, so it is no surprise that colour cosmetics trends are many and varied. However, one clear universal trend is that Muslim women are on average becoming more knowledgeable about make-up, especially with internet influencers spreading advice on products and techniques.…